Wednesday, 17 September 2014
Last updated 1 hour ago
Feb 6 2012 | 9:32am ET
London-based Finisterre Capital, responding to what it says is investor demand, has launched an emerging markets equity fund.
The Finisterre Equity Fund, launched last November with $25 million in seed capital, is run by the former Newsmith EM equity team, Alistair Candlish and Edward Cole. The two, who joined Finisterre in August, 2011, also manage “a substantial equity allocation” within the $800 million Finisterre Global Opportunity Fund.
Finisterre’s new fund employs a top-down macro process to invest long and short in equity securities, and uses options and swaps to hedge at a portfolio level.
“There has been growing investor demand for a Finisterre equity fund,” said Paul Crean, co-founder and CIO of Finisterre Capital, in a statement. “The new fund nicely complements our existing emerging markets offerings, and rounds out our EM product range. In addition, we were very fortunate to attract experienced professionals like Alistair and Edward to manage it.”
The Finisterre Equity Fund targets returns of 15-20% net annualized over the business cycle, with a target volatility of 10-13%. Minimum investment is $1 million.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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